MEOH Crosses Above Average Analyst Target

Methanex shares crossed the average analyst 12-month target of $51.90, trading at $53.01 — roughly 2.1% above the consensus target. The piece notes that hitting an analyst target can prompt analysts to revise ratings or targets (e.g., downgrades on valuation), but provides no new fundamental or guidance data.

Analysis

Methanex shares crossed the average analyst 12-month target of $51.90, trading at $53.01 — roughly 2.1% above the consensus target. The piece notes that hitting an analyst target can prompt analysts to revise ratings or targets (e.g., downgrades on valuation), but provides no new fundamental or guidance data.